OKX Chief Marketing Officer Haider Rafique said that Australia is ready for a new wave of crypto adoption. He called the country an integral part of the market. The decision to expand on this continent was driven by the strong demand of the local population for trading and investing in crypto-currency products.
“I have found that over the last 5-6 years there has been a huge interest among Australian retail investors in cryptocurrencies as a vehicle for investment and trading. Australians understand cryptocurrencies, understand the value of the blockchain and its prospects, so it is interesting for us to expand in this market,” said Rafik.
The top manager of OKX did not say where exactly the exchange office will be opened, and how big the team of the new division will be. At the moment, the exchange has not yet registered with the Australian Center for Accounting and Analysis of Financial Transactions (AUSTRAC) for the legal provision of cryptocurrency services to local users.
At the same time, OKX is in the process of obtaining a license for a virtual asset service provider (VASP) in Hong Kong, Rafik said. Last June, the exchange received temporary registration from the Dubai Virtual Assets Regulatory Authority (VARA). OKX recently announced that it would stop serving Canadian traders to avoid problems with local regulators.
Source: Bits
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